If there’s any specialization in PGDM that has remained evergreen, it is this. Finance has remained a management major that has been well tested by the waters of time and came out victorious. The question hence arises, how come?
The thing about management studies is that it is so much industry-centric, that the choice of a specialization stems indispensably from the direction that the market and economy of those times chooses to shift towards. The fact that the area of Finance has done so well for itself continuously since the last so many years, has been proof that this itself is a field that is important at the least and undeniable at the most.
Being an extremely important field of study for those who are really interested in it, and have a natural flair for subjects like Accounting, Mathematics, Statistics, etc., Finance is heavily used in every industry today – whether it’s regarding jobs ranging from investment banker to CFO to venture capitalist, or a completely non-financial industry which would still need a strong Financial department.
And that’s why it becomes necessary to know in depth about the reasons Finance has always managed to be the most popular and lucrative branches of management.
Because It’s Eternally In-Demand!
The economy keeps dwindling and getting back on its feet, time and time again. And it has such a profound effect on every little aspect of every little thing that a common man does, that there’s no question of avoiding this topic. But as much important as it is, very few people actually understand what goes inside and around this word ‘economy’. Add the word ‘market’, and you will the beginning to a dictionary of Financial jargon.
This jargon keeping everything intact in the world, it comes as no surprise at all that there are businesses – big corporate houses, the bigwigs of the industry – any industry, looking for people who hold specific expertise in fundamental financial concepts like investment & securities, costing, international finance, corporate finance, budgeting, and working capital management. Strong analytical skills being one of the first and foremost requirements of anyone pursuing a job in this field, a PGDM in Finance trains students to make financial decisions, know what’s risk and what’s profitability, and strike a balance between the two, analyse various business models, among other things.
This is a field that requires an impeccable combination of hard analytical skills as well as a sound personal judgement. Though there are of course set processes and theories to determine the best financial options, but the real world doesn’t really give much of a fault margin to just blindly follow those formulae and get going. It wouldn’t just be a risk, but a poor one – one that, due to inadequate information and lack of information, would not at all be a calculated risk. That – acquiring the ability to work with as much finesse as possible, in a world that is uncertain at its best, is what makes studying management in Finance one of the most important courses taught today.
Abundant Career Opportunities
Getting a Post Graduate Diploma in Management (PGDM) in Finance presents a student with a whole lot of opportunities. Studying finance allows one to work with the decision makers both inside and outside organizations such as banks, suppliers, government agencies, businesses, and more.
Careers in finance are ever growing and ever diverse! With so many different kinds of companies, and so many diverse roles out there for student to apply to, this field offers varied openings for them to apply to. Below are some of the areas in the financial sector that one could choose from:
- Investment services
- Commercial and investment banks
- Financial planning services
- Personal financial planning for individuals and private organizations
- Corporate management
- Credit unions and private banks
- Insurance companies
- International financial management
- Brokerage firms
The important thing to know here is that the opportunities in this field are ever varied and ever growing. And as the economy and market keep recovering, this diversity and abundance of opportunities will keep on staying, and even increasing. Not just companies that are have a big name, but even many intermediary companies, whether or not they deal specifically in financial services, lookout for people having studied management with major in Finance. And as it goes for any major, the choice of job one takes should always be taken while keeping a focus on what the job market looks like at the time one gets out of college; with Finance as the major, one can afford to let the focus go a bit awry, as this area always offers jobs that are necessary to both the employer as well as to the candidate, both from growth as well as remuneration point of view. Studying finance being really hard, it is guaranteed to set you apart.